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The Pawnshop in China (Paperback)
Loot Price: R410
Discovery Miles 4 100
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The Pawnshop in China (Paperback)
Series: Michigan Abstracts Of Chinese And Japanese Works On Chinese History
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Loot Price R410
Discovery Miles 4 100
Expected to ship within 12 - 17 working days
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The Ch'ing dynasty witnessed a phenomenal rise in the number of
pawnshops in China. By the early nineteenth century there were
almost 25,000 of them, and pawnbroking yielded a higher rate of
return on investment than did land. The Ch'ing also saw this
industry in decline, its exponential growth a victim of the Taiping
Rebellion and rapidly developing Shansi banks. Yet, in republican
times the pawnshop was still common in city and countryside alike.
Furthermore, it was to live on after Liberation. But when the
People's Bank of China opened Citizens' Petty Loan Offices in the
early 1950s in order to furnish workers and peasant with
low-interest loans, and when the transformation of private
enterprise occurred in 1956, the last of the pawnbrokers, holding
out in urban areas such as Shanghai, were forced to close their
doors, and the pawnshop ceased to exist on the mainland. Its life
had spanned almost fifteen hundred years. On Taiwan, however, the
institution survives—there were 750 pawnshops on the island in
1974—as it does in most overseas Chinese communities. This volume
is a translation of Yang's Chung-kuo tien-tang yeh, which examines
pawnshops during late imperial and Republican China. T. S. Whelan
provides a historical introduction and critical annotations.
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